\"\"
<\/span><\/figcaption><\/figure>By Krystal Hu
<\/strong>
NEW YORK: SoftBank Group<\/a> Corp unveiled a series of transactions on Monday to divest more than $21 billion worth of stock in U.S. wireless carrier T-Mobile US<\/a> Inc, as it seeks funding for a $41 billion share buyback and debt reduction plan.

SoftBank<\/a>'s shares have more than doubled since the middle of March, despite the economic uncertainty fueled by the COVID-19 pandemic, as CEO Masayoshi Son moves to shed or trim its stakes in other companies such as Alibaba Group<\/a> Holding.

While the divestments have bankrolled a string of share buybacks, delighting investors including hedge fund Elliott Management Corp, they have raised concerns among credit ratings agencies about the Japanese conglomerate's financial standing.

They come after several of SoftBank's investments, including on office space-sharing start-up WeWork and payment processor Wirecard AG, soured, and it suspended efforts to raise a successor to its $100 billion
Vision Fund<\/a>.

Many of the
T-Mobile shares<\/a> divested by SoftBank were acquired by T-Mobile<\/a> itself, which will in turn sell them on to the open market and private investors. SoftBank Chief Operating Officer Marcelo Claure will acquire more than $500 million of T-Mobile stock, according to regulatory filings.

All in all, SoftBank will divest two-thirds of its 24.6% stake in T-Mobile. It also granted Deutsche Telekom AG , owner of a 43.6% stake in T-Mobile, call options to acquire its remaining T-Mobile shares. The call options expire in 2024.

SoftBank will pay T-Mobile a $300 million fee for facilitating the transactions.

Goldman Sachs, Morgan Stanley, Citigroup and J.P. Morgan have been appointed as joint lead book-running managers for the offering. Barclays is serving as lead dealer manager and Deutsche Bank Securities is serving as joint dealer-manager.

PJT Partners is acting as financial advisor to the independent committee of the board of directors of T-Mobile, while the Raine Group LLC has acted as financial adviser to SoftBank.
<\/body>","next_sibling":[{"msid":76522090,"title":"Italy may consider raising its stake in TIM, says PM","entity_type":"ARTICLE","link":"\/news\/italy-may-consider-raising-its-stake-in-tim-says-pm\/76522090","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":76522120,"entity_type":"ARTICLE","title":"SoftBank kicks off $21 bn sale of T-Mobile shares","synopsis":"SoftBank Group Corp unveiled a series of transactions on Monday to divest more than $21 billion worth of stock in U.S. wireless carrier T-Mobile US Inc, as it seeks funding for a $41 billion share buyback and debt reduction plan. ","titleseo":"telecomnews\/softbank-kicks-off-21-bn-sale-of-t-mobile-shares","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":341,"shares":0,"engagementtimems":1593000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2020-06-23 08:25:19","lastupd":"2020-06-23 08:28:17","breadcrumbTags":["T-Mobile shares","T-mobile","Alibaba Group","vision fund","SoftBank T-Mobile share sale","SoftBank Group","Industry","T-Mobile US","Softbank"],"secinfo":{"seolocation":"telecomnews\/softbank-kicks-off-21-bn-sale-of-t-mobile-shares"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-06-23" data-index="article_1">

软银开始出售价值210亿美元的t - mobile的股票

软银集团公司周一公布了一系列交易出售价值超过210亿美元的美国无线运营商t - mobile美国公司股票,因为它寻求410亿美元的股票回购资金和债务削减计划。

  • 更新在2020年6月23日08:28点坚持
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纽约:软银Corp .)周一公布了一系列交易出售价值超过210亿美元的股票在美国无线运营商t - mobile美国公司,因为它寻求资助410亿美元的股票回购和债务削减计划。

软银的股价已经翻了一倍多自3月中旬以来,尽管经济引发的不确定性COVID-19大流行,随着首席执行长孙正义削减或削减其等其他公司的股权阿里巴巴集团持有。

而剥离资助一系列股票回购,取悦投资者包括艾略特的对冲基金管理公司,他们增加了信用评级机构对这一问题的日本企业集团的财务状况。

广告
他们几个软银投资,包括办公室分区启动WeWork和付款处理器Wirecard AG)、恶化,它暂停了努力提高其1000亿美元的继任者视觉基金

的许多t - mobile的股票软银转让股权的收购t - mobile本身,这反过来将出售他们在公开市场和私人投资者。软银首席运营官马塞洛Claure将获得超过5亿美元的t - mobile的股票,根据提交给监管机构的文件。

总之,软银将剥离三分之二的t - mobile公司24.6%的股份。老板也获准德意志电信43.6%的股份在t - mobile,看涨期权获得剩余的t - mobile的股票。2024年的看涨期权到期。

软银将t - mobile支付3亿美元费用促进交易。

高盛(Goldman Sachs)、摩根士丹利(Morgan Stanley)、花旗集团(Citigroup)和摩根大通(J.P. Morgan)被任命为联合领导book-running经理提供。巴克莱和德意志银行担任领导经销商经理证券担任联合dealer-manager。

PJT伙伴充当财务顾问的独立委员会t - mobile的董事会,而雷恩Group LLC担任软银财务顾问。
  • 发表在2020年6月23日08:25点坚持
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\"\"
<\/span><\/figcaption><\/figure>By Krystal Hu
<\/strong>
NEW YORK: SoftBank Group<\/a> Corp unveiled a series of transactions on Monday to divest more than $21 billion worth of stock in U.S. wireless carrier T-Mobile US<\/a> Inc, as it seeks funding for a $41 billion share buyback and debt reduction plan.

SoftBank<\/a>'s shares have more than doubled since the middle of March, despite the economic uncertainty fueled by the COVID-19 pandemic, as CEO Masayoshi Son moves to shed or trim its stakes in other companies such as Alibaba Group<\/a> Holding.

While the divestments have bankrolled a string of share buybacks, delighting investors including hedge fund Elliott Management Corp, they have raised concerns among credit ratings agencies about the Japanese conglomerate's financial standing.

They come after several of SoftBank's investments, including on office space-sharing start-up WeWork and payment processor Wirecard AG, soured, and it suspended efforts to raise a successor to its $100 billion
Vision Fund<\/a>.

Many of the
T-Mobile shares<\/a> divested by SoftBank were acquired by T-Mobile<\/a> itself, which will in turn sell them on to the open market and private investors. SoftBank Chief Operating Officer Marcelo Claure will acquire more than $500 million of T-Mobile stock, according to regulatory filings.

All in all, SoftBank will divest two-thirds of its 24.6% stake in T-Mobile. It also granted Deutsche Telekom AG , owner of a 43.6% stake in T-Mobile, call options to acquire its remaining T-Mobile shares. The call options expire in 2024.

SoftBank will pay T-Mobile a $300 million fee for facilitating the transactions.

Goldman Sachs, Morgan Stanley, Citigroup and J.P. Morgan have been appointed as joint lead book-running managers for the offering. Barclays is serving as lead dealer manager and Deutsche Bank Securities is serving as joint dealer-manager.

PJT Partners is acting as financial advisor to the independent committee of the board of directors of T-Mobile, while the Raine Group LLC has acted as financial adviser to SoftBank.
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